Steel News

Alacero: Latin American Finished Steel Production Remains Stable, While Imports Grow 15% in Jan-Apr 2015

30 June 2015 - Alacero released their figures for the Latin American steel market for the first months of 2015 on 24 June.

2014 World DRI Production Tops 74.5 Million Tons

30 June 2015 - The world’s direct reduction industry produced 74.55 million tons of DRI Products in 2014 according to data compiled by Midrex and audited by World Steel Dynamics.

India to Ship 16.5 Million Tons of Iron Ore to Japan, South Korea Over Three Years

30 June 2015 - The Indian government approved the renewal of agreement for supplying up to 16.5 million tonnes (MT) of high grade iron ore to steel plants in Japan and South Korea over three years till March 2018.

ArcelorMittal Produces First AHSS at Vega do Sul Plant in Brazil

26 June 2015 - As reported by Automotive Business, ArcelorMittal has produced its first coil of advanced high-strength steel (AHSS) at its Vega do Sul flat steel rolling mill in Southern Brazil.

AISI: Weekly Raw Steel Production Down 1.2% From Previous Week, 8.6% Year on Year

26 June 2015 - In the week ending June 20, 2015, the American Iron and Steel Institute reported that domestic raw steel production was 1,726,000 net tons while the capability utilization rate was 73.0 percent.

Outokumpu Completes Ramp Down of Bochum Meltshop

25 June 2015 - Outokumpu announced that the Bochum melt shop ramp down in Germany has been completed.

AK Steel Provides Second Quarter 2015 Earnings Guidance

25 June 2015 - AK Steel has provided guidance for its second quarter 2015 financial results.

World Crude Steel Production for May 2015; U.S. Down 8.5% From Last Year

23 June 2015 - World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 139 million tonnes (Mt) in May 2015, a -2.1% decrease compared to May 2014.

EVRAZ North America Plans 28% Ramp-Up of Large Diameter Pipe Production

22 June 2015 - EVRAZ plc hosted an Investor Day on 17 June 2015 in London, United Kingdom.

U.S. Weekly Raw Steel Output Declines 7.5% Year-on-Year

19 June 2015 - According to data compiled by the American Iron and Steel Institute (AISI), in the week ending June 13, 2015, domestic raw steel production was 1,747,000 net tons while the capability utilization rate was 73.9%.

Emirates Steel Logs Solid Production in 2014

17 June 2015 - Abu Dhabi-Based Emirates Steel produced 0.55 million tonnes of heavy structural sections, 1.85 million tonnes of rebar and 0.4 million tonnes of wire rod during 2014 despite market challenges, its chief executive said.

ThyssenKrupp Profiting From Strong Growth in North American Auto Market: New Steering Components Plant Opened in Mexico

09 June 2015 - The industrial and technology group ThyssenKrupp continues to expand in the growth region North America.

Conares to Grow UAE Steel Production Capabilities

29 May 2015 - According to Construction Week Online, Conares intends to further strengthen its steel production capabilities in the UAE.

Latin American Finished Steel Imports Grow 20% in 1Q 2015, While Production Increases Only 2%

28 May 2015 - According to Alacero, during 1Q 2015, crude steel production in Latin America decreased 2% while finished steel production grew 2% vs 1Q 2014.

World Crude Steel Production for April 2015

27 May 2015 - World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 135 million tonnes (Mt) in April 2015, a -1.7% decrease compared to April 2014.

AISI: Weekly Raw Steel Production Up 2.4% for Week Ending 16 May 2015

22 May 2015 - According to statistics compiled by the American Iron and Steel Institute (AISI), in the week ending May 16, 2015, domestic raw steel production was 1,705,000 net tons while the capability utilization rate was 72.1 percent.

Salzgitter AG Posts Q1 Results

18 May 2015 - In the first quarter of the financial year 2015, the Salzgitter Group achieved the highest pre-tax profit since the second quarter of 2011.

AISI: March Steel Shipments Up 5% From February

14 May 2015 - The American Iron and Steel Institute (AISI) reported that for the month of March 2015, U.S. steel mills shipped 7,270,793 net tons, a 5.0 percent increase from the 6,925,596 net tons shipped in the previous month, February 2015, and a 12.8 percent decrease from the 8,337,578 net tons shipped in March 2014.

Latin America: Finished Steel Production Grows 4% While Imports Increase 32% in Jan/Feb 2015

28 April 2015 - Finished steel in Latin America – Jan/Feb 2015 vs Jan/Feb 2014: > Production increases 4%. > Apparent steel use grows 8% > Total imports rise 32%

AZZ incorporated Reports Financial Results for the Fourth Quarter and Fiscal Year 2015

23 April 2015 - AZZ incorporated, a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services, today announced financial results for the three and twelve-month periods ended February 28, 2015.